Happy Debt Day: Government to 'Run Out' of Cash Sunday, Earliest Ever - Page 5

TheBasicsAbout · #41 (**permalink**) 04-24-2009, 05:28 PM

Quote:

Originally Posted by Ronin Tetsuro

Getting warmer.

great ... a friggin easter egg hunt game ....

whatever ...

I just googled it and got NO RESULT at all ... forget it kid ... I am too old to play games

Ronin Tetsuro · #42 (**permalink**) 04-24-2009, 05:35 PM

Quote:

Originally Posted by TheBasicsAbout

great ... a friggin easter egg hunt game ....

whatever ...

I just googled it and got NO RESULT at all ... forget it kid ... I am too old to play games

It's MY theory. Sorry if I didn't make that clear. China is an economic superpower, and in order to stay that way, they require a sure-fire consumer group to export to. In exchange for China's continued investment in American interests that America itself cannot afford, China gets a consumer group to sell cheap goods to at a profit and first refusal of all America's trade agreements.

Far fetched. But plausible.

TheBasicsAbout · #43 (**permalink**) 04-24-2009, 06:04 PM

Quote:

Originally Posted by Ronin Tetsuro

It's MY theory. Sorry if I didn't make that clear. China is an economic superpower, and in order to stay that way, they require a sure-fire consumer group to export to. In exchange for China's continued investment in American interests that America itself cannot afford, China gets a consumer group to sell cheap goods to at a profit and first refusal of all America's trade agreements.

Far fetched. But plausible.

ah! It's a bit fetch! ... but not far ... That in a sense may be part of why they bought the IBM laptop division to do that on more of a politically profitable way.

(excuse me for being a bit cranky - I am 50 years old and spend over 70 hours a week on line - been retired for 3 years raising cane about politics)

bla-bla · #44 (**permalink**) 04-24-2009, 06:12 PM

Quote:

Originally Posted by Ronin Tetsuro

1) They firmly believe their country is a different country than their opposition's (liberals) country

I dont, but some probably do, and many on the Left act the exact same way.
Your real problem here is with partisanship itself, but again you focus on the
Right.

Quote:

2) They have become so stereotypical as to be easily dissected by controlling interests and used as pawns to further agendas that are directly against their core principles.

Same on both sides, again it's more about how the elites are manipulating
peoples attitudes than any Right/Left differences.

Quote:

Liberals suffer from the same issues.

And yet you almost never criticize the Left, you even use that horribly partisan
attack piece done by a CNN reporter as proof the Right is too opinionated and
dont notice the hypocrisy.

camp_steveo · #45 (**permalink**) 04-27-2009, 06:05 AM

Heading Towards a Bursting of the Government Bubble

Quote:

Yesterday, April 26, was Debt Day, and it was the earliest debt day ever. Debt Day is the symbolic day of the year that Congress runs out of money obtained normally through taxes and revenue, and the day that it has to begin financing its expenditures through debt. This year, it is far earlier than it has been in any time in our nation’s history, a little more than halfway through the government fiscal year which begins every October 1. In contrast, last fiscal year did not see debt day until August 3, over three months later.

Minority Leader John Boehner is pushing this point. Our nation cannot sustain this level of debt spending. Our biggest creditor, China, is beginning to get nervous over the amount of debt that we are planning on, and is slowly moving its holdings of U.S. Treasuries to gold. This will make it harder for the U.S. to finance its future debt, and will probably require intervention from the Federal Reserve to make it all look good on paper by having the Fed “buy treasuries” which basically amounts to printing money to finance our debt.

The unsustainable nature of the current spending spree that we are on has the potential to bring on an economic crisis that will make the current one look like a bump in the road, one of stagflation that will make the Carter administration look like the good old days. The last two major economic crisis’ were precipitated by the bursting of bubbles. In the late 1990s, it was the tech bubble. This crisis was precipitated by the bursting of the housing and credit bubbles. With a 25% bump in debt in the last year alone and no end in sight with Obama’s proposed budget, we are on the verge of a new bubble bursting, the government bubble.

Thread Tools
Show Printable Version Email this Page
Display Modes
Linear Mode Switch to Hybrid Mode Switch to Threaded Mode

Similar Threads
Thread	Thread Starter	Forum	Replies	Last Post
White House to banks: Stop hoarding cash...Banks to WH: screw you, give us more cash	terrorist	United States	2	10-30-2008 08:11 PM
Are you happy with our present government??	alexg	Elections & Campaigns	18	08-05-2008 05:39 AM
Sunday, flailing Sunday	SeminalBlog	Political Blogs	0	03-09-2008 11:20 PM
Sunday, just-past Sunday	SeminalBlog	Political Blogs	0	03-02-2008 11:40 PM
Murtha Says Army Is 'Broken, Worn Out'	livefree	Current Events	33	12-09-2005 02:51 PM